Light vehicles in operation, as of January 1, reached a record level of 257.9 million. And the average age of those vehicles experienced a slight uptick to 11.5 years old. On top of that, volumes of cars up to five years old are expected to jump by as much as 24 percent over the next five […] [Read More]

Look for used-vehicle sales this month to be north of 3.2 million units, say industry analysts. TrueCar and Edmunds.com each released separate analyses this week forecasting July used-car sales in that ballpark. Edmunds is predicting 3.22 million used sales this month, which would result in a seasonally adjusted annualized rate of 36.9 million. Meanwhile, TrueCar […] [Read More]

Just a few months out, the excitement around Used Car Week continues to build, with eight new sponsorships coming aboard in the past week. Sorted by conference, the latest to sign on are: CPO Forum Experian National Remarketing Conference GM Financial      Used Car Week Auto IMS             Automovy Logistics         CallMiner             Experian Intellaegis […] [Read More]

Cox Automotive and Westlake Financial Services are among the companies involved in overhauled and pilot programs to provide vehicles for Uber, the online transportation service provider that’s grown in popularity in some of the largest U.S. metro areas. Uber explained this week that its revamped leasing program for its network of drivers dubbed Xchange Leasing […] [Read More]

Since its debut, more than 45 percent of new-car sales for the Tesla Model S have come from California, according to data from Polk and Edmunds.com. But on the used-car side, the Golden State’s share is much smaller — in fact, it’s just over 30 percent. States like Florida, Washington and Texas have poached pieces […] [Read More]

In findings that should catch the attention of used-vehicle departments, too, a monthly analysis developed jointly by J.D. Power and DealerRater showed a majority of new-vehicle buyers in the United States indicate that it should take no more than two hours to complete a vehicle purchase from the time they walk into the dealer showroom. […] [Read More]

Imagine what would happen if dealers could only offer a fraction for their customer's trade-ins, or could not even send the trade-in vehicle to auction. This could be a dark reality if the Sen. Richard Blumenthal (D-Conn.) used car amendment, which would ground all recalled vehicles at dealerships until remedied, is passed. When a food […] [Read More]

Officials announced recently that ADESA subsidiary PAR North America has been selected as TD Auto Finance’s Repossession Vendor of the Year for the second consecutive year. The company highlighted PAR’s selection was based on outstanding ratings on performance, compliance and communication. PAR was the segment leader in key performance areas, including: — Repossession rate — […] [Read More]

Re3 Conference presenting sponsor Digital Recognition Network (DRN) announced on Tuesday that the company is providing its Event Links product to the National Insurance Crime Bureau (NICB) free of charge. Company officials highlighted Event Links, often used by insurance company special investigative units, uses DRN’s vehicle location data to provide evidence of individual and collusive […] [Read More]

Mercedes-Benz of The Woodlands, a Texas dealer near Houston that opened earlier this year, has announced that it plans to donate 100 percent of its new profits from the month of July to the Johnny Mac Soldiers Fund and the Texas Children’s Hospital. All net profits from vehicle sales, service visits and other transactions conducted […] [Read More]